23 September

“A decentralized way to copy bitcoin (BTC) over to Ethereum is relaunching today after a smart-contract bug sunk the project in May.

The tBTC protocol works on both the Bitcoin and Ethereum blockchains, with users locking up BTC on Bitcoin so that nodes in the Keep network can mint TBTC, staking 150% of the BTC’s value in ETH.

tBTC already had $24.21 million staked as of early Tuesday morning. The tBTC protocol has been audited by ConsenSys Diligence and Trail of Bits.”

See Also: Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here’s Why

“Three major power plants in Iran will soon offer their energy outputs exclusively for Bitcoin mining. A new ruling in July allowed power plants to engage in the business. The July ruling is said to be a savior for the country’s electricity industry.

Iran’s adoption of Bitcoin comes at a time when the country grapples with a bleak economic outlook and international trade sanctions. Iranian ministers said in 2019 that regulated, industrial-scale Bitcoin mining can pull in, anually, an estimated $8.5 billion.

“The first exchange-traded fund (ETF) to broadly track the digital asset market has been accepted to list on the Bermuda Stock Exchange (BSX).

This particular product, which will be denominated in USD, will track an index currently being developed by Nasdaq. Its composition is still under wraps, but will give a broad exposure to the asset class.

“We’re proud to announce that the Rocket Pool 2.5 Medalla Rolling Beta will be starting in a few weeks, on the 6th October, 2020 00:00 UTC. All you’ll need to participate is a browser with the latest version of MetaMask or a Ledger and some Goerli ETH to stake.

You’ll be able to stake, get rETH, run a node and much more, all using actual beacon chain clients on Medalla!

All participants will share a reward pool of 10,000 RPL for contributing to the Medella beta. Stakers and node operators will be entitled to a share, though node operators will receive 3x more proportionally.

Rocket Pool aims to align the interests of those who want to stake without running a node, with those who do want to run a node and generate a higher return on their own staked ETH during the process.”

See Also: SnowSwap: Bringing Liquidity to Stablecoin Yield Farming
See Also: Registration is now open for Etherisc

A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token. The group is asking UNI holders to claim UNII tokens in order to form a party within the UNI community that can counter the power from the founding team and investors.

After the decentralized exchange airdropped a share of its new governance token to everyone that had ever used it (up to Sept. 1), it received instant praise from both its users and the crypto community. However, as some took a deeper look at how UNI was distributed, they began to question just how much control the community will truly have.

Of the total supply of 1 billion UNI tokens, around 40% of them will eventually be allocated to team members, investors and advisors.

The people behind UNII see a big hurdle in the fact that 1% and 4% of UNI total supply are required, respectively, to submit a governance proposal and to vote “yes” to reach quorum.

We are all minions in terms of voting power.”

“Anthony Pompliano and Jason Williams have reportedly made a “big bet” by partnering with a number of digital artists. Pompliano said he was confident he would see a “6,000x increase” in the digital art market cap, which he estimated at currently less than $10 million.

Similar to how Bitcoin is superior to gold in almost every way, digital art is superior to traditional art in almost every way also. I personally believe that the digital art market cap will grow to become larger than the physical art market cap.”

See Also: The new DeFi market where users can sell jpgs and gifs for thousands in Ethereum

“The European Central Bank (ECB) is looking into the benefits and risks of a digital currency.

Rather than as a replacement for cash, a digital euro would “complement” traditional money. The central bank digital currency would further provide an alternative to “private digital currencies” for EU citizens. This, she said, would ‘ensure that sovereign money remains at the core of European payment systems.’

The latter comment references fears from regulators and governments that a massively popular cryptocurrency could threaten the power of central banks to control monetary policy and even cause a shift away from the use of fiat money.”

See Also: 0x, Kraken and Stellar Awarded Board Seats at Top Crypto Lobbying Association
See Also: ‘Misleading’ Term Stablecoin Should Be Ditched, Says ECB

Wealthsimple Crypto will allow users to buy and sell Bitcoin (BTC) and Ether (ETH) through the platform’s mobile app. Deposits and withdrawals can only be made in Canadian dollars,

To date, Wealthsimple Crypto is the only crypto asset platform that has been authorized to operate in Canada by the Canadian Securities Administration (CSA).

Wealthsimple will not hold any cryptocurrency assets in its own hot or cold wallets. The crypto custody service on Wealthsimple is provided by Gemini.”

“With NASA’s recent announcement of its search for companies willing to go to the Moon and retrieve samples by 2024, it may not be long before blockchain is involved.

Space mining could be one application, with robots negotiating transactions autonomously. With no sovereign authority in space, companies engaged in space activities could use smart contracts to manage inter-operator governance.

If you gaze a little bit into the future and imagine a whole supply chain based on celestial body resources, that’s easy to envision, especially if transactions are negotiated between robots.”

“Crypto exchange Zebpay has launched a campaign with ads featuring Bitcoin during the Indian Premier League cricket games.

Sharma stated that the ads represented a ‘historic moment for crypto in India.’ More than 462 million people watched the Indian Premier League games in 2019.”